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Jan 3, 2013
01/13
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it is likely the fiscal cliff lieu fore yaw soared today talking the next fiscal cliff about the debt ceiling and cut government spending. some investors remain bullish. as january goes so goes the year. we could see 10 percent returns for stocks in 2013 pending washington figures everything out. >> 2013 expecting to be good years for auto sales. >> auto americas are out for sales figures. expected to be good 14 and a half million for forecast of last year's sales. that would be the strongest performance since 2007. they will top 15 million this year. that will be led by big pickup trucks and helps pilots of new models coming to the market. that optimistic forecast hinges on washington reaching a deal. >> iphone 5 there are talks about the iphone 6 already. >> the next saws apple has been looking at iphone 6. they found traces of new iphone in their app usage log. they are using app as well as ip addresses. those ip addresses are coming from apple's cooper teen no campus. the iphone 5 could be your old iphone 5. i got my first iphone for christmas. >> let them work out the kinks you c
it is likely the fiscal cliff lieu fore yaw soared today talking the next fiscal cliff about the debt ceiling and cut government spending. some investors remain bullish. as january goes so goes the year. we could see 10 percent returns for stocks in 2013 pending washington figures everything out. >> 2013 expecting to be good years for auto sales. >> auto americas are out for sales figures. expected to be good 14 and a half million for forecast of last year's sales. that would be the...
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Apr 14, 2013
04/13
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congress and the president avoided a fiscal cliff, but not the forced government spending cuts. the sky isn't falling, not yet, anyway. so if the worst is over in washington, is now the time when president obama steps in and shapes his legacy? i'm christine romans, and this is "your money." >>> to start, the country needs a blueprint for this economy. like any business, this country needs a budget. president obama introduced his latest plan invisiting it's one republicans can work with. >> for years the debate in this town has raged between reducing our deficits at all costs and making investments necessary to grow our economy. this budget answers that argument, because we can do both. >> gloria borger, author of "crunch time for obama and washington." good morning, gloria. you write president obama now has a chance to act on his to-do list, which you say could set his legacy for the second term. movement on gun control, real immigration reform and for the first time until four years, a new federal budget. we'll break down the president's budget proposal later in the show but le
congress and the president avoided a fiscal cliff, but not the forced government spending cuts. the sky isn't falling, not yet, anyway. so if the worst is over in washington, is now the time when president obama steps in and shapes his legacy? i'm christine romans, and this is "your money." >>> to start, the country needs a blueprint for this economy. like any business, this country needs a budget. president obama introduced his latest plan invisiting it's one republicans can...
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Jan 9, 2013
01/13
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fiscal cliff part two, you might call it. budget cuts could kick in to push down the road two months. all of that, he says, has got to be dealt with. he thinks they may not get to dealing with gun control until spring, maybe april. >> at least they are visiting it now. starting the conversation. thank you. >> now we want to update you with breaking news from lower manhattan in new york city now. a ferry crashed at pier 11 injuring several people. the boat slammed into the dock. we are getting reports that several people are injured. the commuter ferry is operated by c streak which collided with pier 11 near wall street. it happened around 8:45 pacific standard time. emergency workers are being told there are 17 patients on the scene. we saw stretchers being carried off the ferry with the injured people. >> doing what they can to treat them at the scene now. you see emergency crews that arrived at the port there at pier 11 in lower manhattan this morning. following the developing story. look at the crowd. >> time now to check
fiscal cliff part two, you might call it. budget cuts could kick in to push down the road two months. all of that, he says, has got to be dealt with. he thinks they may not get to dealing with gun control until spring, maybe april. >> at least they are visiting it now. starting the conversation. thank you. >> now we want to update you with breaking news from lower manhattan in new york city now. a ferry crashed at pier 11 injuring several people. the boat slammed into the dock. we...
WHUT (Howard University Television)
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Jan 21, 2013
01/13
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. >> you have fiscal cliff, fiscal tumble, what is next? >> it fiscal tumble? we hope it does not tumble. >> thank you, george. stay with us. plenty more to come. my daughter is gone, but has left behind a message -- we need the mother of woman who was gang raped in -- the words from the mother of the woman who was gang raped in delhi. check with your airline or train company before you set off or consider scrapping on your skis. snow and cold temperatures are setting off widespread disruption. although the moscow airport has carried on operating as normal. >> slowdown in progress. the conditions are horrific. back-and-forth to clear the runways, but hundreds of flights have been canceled. there is misery and disappointment at charles de gaulle as well. >> my flight was canceled. i want to buy tickets. the nearest flights are from france. >> the roads are treacherous and accidents have already happened. at the brussels airport, clearing the runways is a priority. >> you cannot use salt at an airport because there is risk of it corroding the airplanes. so, we ar
. >> you have fiscal cliff, fiscal tumble, what is next? >> it fiscal tumble? we hope it does not tumble. >> thank you, george. stay with us. plenty more to come. my daughter is gone, but has left behind a message -- we need the mother of woman who was gang raped in -- the words from the mother of the woman who was gang raped in delhi. check with your airline or train company before you set off or consider scrapping on your skis. snow and cold temperatures are setting off...
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that was in the fiscal cliff deal. next stuart: a big rally for the market. we are playing great music. america looks more and more like greek. just like europe. charles, you think this fiscal cliff deal is a huge drag on the economy. >> jpmorgan just came out with numbers. they say it is a 1% drop. that is 125 billion. that shocks me. that is a tax on anyone that goes to work. life and death to so many americans. i am completely shocked that the president gave obama. when you have to spend, spend, spend, spend, it has to come from somewhere. >> it is one percentage point slower growth. stuart: i have a lightning round. the new york post reported this morning that lisa jackson resigned because she thinks president obama will approve a keystone pipeline. how about that. >> that is true. that is why she resigned. the keystone is a major job creator. the gulf of mexico is a big deal. stuart: i am interested and we made it this pipeline according to the new york post. >> the president is between a rock and a hard place. we need that keystone pipeline. stuart: hol
that was in the fiscal cliff deal. next stuart: a big rally for the market. we are playing great music. america looks more and more like greek. just like europe. charles, you think this fiscal cliff deal is a huge drag on the economy. >> jpmorgan just came out with numbers. they say it is a 1% drop. that is 125 billion. that shocks me. that is a tax on anyone that goes to work. life and death to so many americans. i am completely shocked that the president gave obama. when you have to...
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Jan 2, 2013
01/13
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they have done the right thing to hold it up. >> next up, fiscal cliff deal, bill, soon to be law. and the debt ceiling fight to come. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >>> the agreement we reached will reduce deficit more to ask weltiest americans to pay higher taxes for the first time in two decades. >> the failure to step up and do the big thing when he could. he could have brought leadership to the table. he didn't. >> the definition of compromise contains element that neither side likes but it also contains pieces both sides can embrace. we are one step closer to tax reform to strengthen the economy to create more a
they have done the right thing to hold it up. >> next up, fiscal cliff deal, bill, soon to be law. and the debt ceiling fight to come. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr...
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Jul 20, 2013
07/13
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cliff. we're live next. as the cast of "glee" mourns the death of actor cory monteith, fans are wondering if the show will go on. more after the break. mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support gularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the ru
cliff. we're live next. as the cast of "glee" mourns the death of actor cory monteith, fans are wondering if the show will go on. more after the break. mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without...
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Jun 4, 2013
06/13
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CSPAN2
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we need something that's long term, that's permanent, and, again, it's a fiscal cliff in transportation. we are looking at the highway trust fund going bankrupt next year if we don't do something. >> host: james corless, transportation directer for america. florida, independent, you're up. >> caller: hey, how you doing? >> host: good. >> caller: i happen to be a former road and bridge inspector, and as of right now, i'm in the transportation business, and i own class a trucks, and i pay 550 a year on each one of those trucks for federal highway heavy use tax. now, i wonder how many trucks of class a at that $550 there are in the united states, companies like creek carriers, have, i believe, 10,000 trucks and 20,000 trailers. .. certainly it is not just the federal government. there are other fees and taxes placed on vehicles and tires that go into the federal highway trust fund that i think this is really, in many ways a simple problem of math. interestingly, bridge age is not unlike people aged. when you get to 65 you want to retire. most of our bidders' right now, average ages of 43 y
we need something that's long term, that's permanent, and, again, it's a fiscal cliff in transportation. we are looking at the highway trust fund going bankrupt next year if we don't do something. >> host: james corless, transportation directer for america. florida, independent, you're up. >> caller: hey, how you doing? >> host: good. >> caller: i happen to be a former road and bridge inspector, and as of right now, i'm in the transportation business, and i own class a...
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Jan 8, 2013
01/13
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with the fiscal cliff drama over for now, investors look to the market's next hurdle: earnings season. coming up: what to expect from corporate america's bottom lines. and we kick off a new series, "n.b.r.u.," our partnership with some of the nation's top universities. tonight: does maximizing shareholder value hurt the economy? that and more tonight on "n.b.r."! the nation's largest banks announced two big settlements today over the housing crisis. 10 of them are settling with federal regulators over allegations they mishandled foreclosures. and in a separate deal, bank of america and government-owned mortgage giant fannie mae settled the score over trillions of dollars worth of bad home loans. in all, the deals cost the banking industry billions of dollars, but as sylvia hall reports, they put to rest some big problems left over from the housing bust. >> reporter: it's an expensive time for bank of america. the company announced today it will pay out billions of dollars in two separate mortgage settlements. the first lays to rest a dispute between fannie mae and countrywide- the tro
with the fiscal cliff drama over for now, investors look to the market's next hurdle: earnings season. coming up: what to expect from corporate america's bottom lines. and we kick off a new series, "n.b.r.u.," our partnership with some of the nation's top universities. tonight: does maximizing shareholder value hurt the economy? that and more tonight on "n.b.r."! the nation's largest banks announced two big settlements today over the housing crisis. 10 of them are settling...
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Jan 2, 2013
01/13
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cliffs over the next few months. the only issues that we will be discussing is what to cut and how deeply to cut it. i actually believe that if the federal government can play a constructive role in society, we have an investment deficit in terms of education and skills training and research and innovation. we will not have the resources to be able to provide those kinds of services to the american public let alone to our children's future. >> when all the things that he mentioned that america needs to do not just in the short term, with these two new hurdles, but in the longer term, immigration, energy, all of the big things. washington cannot get anything done if we have had this kind of an absurd fight over this 1 deal. >> 1 of the things you will notice is that the house passed a bill on a bipartisan basis and sent them to the senate. the senate did not take those bills up. the tax bill which came back to us yesterday was a great example of that. we passed that bill with bipartisan support on august 1st. it has b
cliffs over the next few months. the only issues that we will be discussing is what to cut and how deeply to cut it. i actually believe that if the federal government can play a constructive role in society, we have an investment deficit in terms of education and skills training and research and innovation. we will not have the resources to be able to provide those kinds of services to the american public let alone to our children's future. >> when all the things that he mentioned that...
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gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into persctive. the spending gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so importat? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a lookat these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending in the federal budget. you will notice to these numbe
gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into persctive. the spending gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated...
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our next guest says it would force the country to get our fiscal house in order. did we? is the new deal enough? david: we have bill harris, former ceo of paypal and intuit. he is not in new york today. as you can see he is in san francisco. bill, you were among those who thought this crisis might lead to some kind of restraint on spending. not so, bill. in fact there is going to be more spending. if you throw the sandy bill in. there are a lot of good people in the new york area who need the sandy bill but it will feed a lot of bureaucracy in washington as well. is all hope for cutting spending lost? >> well, it is only half a loaf but i think there is a lot to like in what happened last night t should have happened a lot sooner than that and, unfortunately i think washington is becoming the entertainment capital of united states. i hope that moves back to hollywood. but within, what we did get and you're right, only the tax increase. it is not the spending cuts and entitlement restraint that we need but what we did get was 3/4 of a trillion dollars of deficit reduction.
our next guest says it would force the country to get our fiscal house in order. did we? is the new deal enough? david: we have bill harris, former ceo of paypal and intuit. he is not in new york today. as you can see he is in san francisco. bill, you were among those who thought this crisis might lead to some kind of restraint on spending. not so, bill. in fact there is going to be more spending. if you throw the sandy bill in. there are a lot of good people in the new york area who need the...
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Jan 2, 2013
01/13
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. >> stay with us for complete coverage of the fiscal cliff deal and what could happen in the next few months. for more on the impact on you and your family, the 02 -- go to wjla.com and our social media websites. >> the other story is the failure of congress to come up with a comprehensive relief package for the victims of hurricane sandy. the governor of new jersey is angry at the house speaker for pulling the eight, calling it a trail. it comes after the senate approved a package on friday. chris christie called the move in the house a slap in the face to the state. >> americans are tired of the palace intrigue and political partnership -- partisanship of this congress that pleases one upmanship head of the lives of the citizens who sends these people to washington d.c. in the first place. >> a vote to sandy relief will happen in house by january 15. >> the latest in a development -- a developing story -- secretary of state and hillary clinton is out of a hospital after being treated for a blood clot. she was released from new york presbyterian hospital in the last few hours. she wa
. >> stay with us for complete coverage of the fiscal cliff deal and what could happen in the next few months. for more on the impact on you and your family, the 02 -- go to wjla.com and our social media websites. >> the other story is the failure of congress to come up with a comprehensive relief package for the victims of hurricane sandy. the governor of new jersey is angry at the house speaker for pulling the eight, calling it a trail. it comes after the senate approved a package...
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Feb 20, 2013
02/13
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another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare
another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that...
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more on the political fallout from the fiscal cliff deal with the "a-team" next. the mine in armageddon and fiscal cliff are all behind us, but another battle over the budget lies ahead. is president obama getting all imperious honest? >> i will negotiate over many things. i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat, we can't not pay bills that we have already incurred. >> the president a big winner on taxes. house republicans have the stomach for another fiscal fight . moron guns than a new viral video exposing the celluloid the rules for what they are. participants in a culture of hollywood hypocrisy. it turns out the idea of armed guards and police and schools is a pretty good idea after all. no security problems in the "herald" district's school in texas. their teachers carry firearms. ♪ lou: background checks for gun purchases hitting a new record high last month. the fbi conducting almost 3 million background checks on peopl
more on the political fallout from the fiscal cliff deal with the "a-team" next. the mine in armageddon and fiscal cliff are all behind us, but another battle over the budget lies ahead. is president obama getting all imperious honest? >> i will negotiate over many things. i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat, we can't not pay bills that we...
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Jan 2, 2013
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. >> topping our agenda next hour live from washington, the fiscal cliff has been averted but for now what did we see over the last few days may be nothing compared to the fiscal fights ahead. i'll talk with tom cole and congress pulls the plug on relief for the hurricane sandy victims, pitting republicans against republicans in the house. >> i don't enjoy saying this. i consider myself a personal friend of john boehner and john boehner personally has been very helpful to me over the years. it pains me to say the fact is the dismissive attitude that was shown last night toward new york, new jersey and connecticut typifies i believe a strain in the republican party pip kn. i know this is not the place to discuss politics but that politics seeps over to a governmental decision that was made. >> peter king is angry at his own party over their lack of funding of sandy relief. and congressman barney frank joins me live on his last day on the job. what does he think about leaving behind perhaps the least productive congress ever? you don't want to miss all of that. for the first week... i'm
. >> topping our agenda next hour live from washington, the fiscal cliff has been averted but for now what did we see over the last few days may be nothing compared to the fiscal fights ahead. i'll talk with tom cole and congress pulls the plug on relief for the hurricane sandy victims, pitting republicans against republicans in the house. >> i don't enjoy saying this. i consider myself a personal friend of john boehner and john boehner personally has been very helpful to me over...
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Jan 1, 2013
01/13
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. >> up next, the fiscal cliff and you. what the deal struck last night by the senate means for your bottom line. >>> plus, we'll also have the latest on secretary of state hillary clinton's condition. she continues to get treatment for a blood clot in a new york hospital. >>> and then later, coming to a theater near you. the new movies hitting the big screen in 2013. which will be the blockbusters and which won't be worth your buck? >>> so, here we are, 98% of americans will avoid a tax hike in the new year, of course, if the house goes along with the fiscal cliff deal that was reached in the senate very early this morning. individuals earning $400,000 a year, couples earning $450,000, will see their income taxes rise on amounts above their annual salary. and in addition to income taxes, the senate plan prevents other tax hikes and extends key benefits. here to talk about what this fiscal cliff deal could mean to you is retail and economic analyst hitha. >> happy new year. >> a lot of people breathing a sigh of relief, obv
. >> up next, the fiscal cliff and you. what the deal struck last night by the senate means for your bottom line. >>> plus, we'll also have the latest on secretary of state hillary clinton's condition. she continues to get treatment for a blood clot in a new york hospital. >>> and then later, coming to a theater near you. the new movies hitting the big screen in 2013. which will be the blockbusters and which won't be worth your buck? >>> so, here we are, 98% of...
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Oct 12, 2013
10/13
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cliff themselves. we go to christine romans in new york. >> migel, one day a selloff, the next day a rally. it is enough to make the average investor swear off stocks and bonds and hide their nest egg in the mattress. memories are fresh from the 2008 financial crisis, stocks crashed almost 50%. fast forward to today, washington wrangling bringing up nightmare scenarios. to save a black swan event, some areas say increase the cash to 20%. one adviser says have a plan first. >> i don't think you want to make today you exit the market in cash unless you have a clear cut plan when you get back in. most don't have that clear cut plan. if the market drops precipitously from here, most people aren't going to feel that's the time to get back in. >> concerned you're not rebalancing enough, don't stand there and do nothing, says mutual fund legend. 70% stock, 30% bonds was balanced. guess what, wasn't much difference. not to say you should leave the portfolio in auto pilot. experts say consider lower risk option
cliff themselves. we go to christine romans in new york. >> migel, one day a selloff, the next day a rally. it is enough to make the average investor swear off stocks and bonds and hide their nest egg in the mattress. memories are fresh from the 2008 financial crisis, stocks crashed almost 50%. fast forward to today, washington wrangling bringing up nightmare scenarios. to save a black swan event, some areas say increase the cash to 20%. one adviser says have a plan first. >> i...
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Dec 6, 2013
12/13
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. >> reporter: chances are you have heard of the fiscal cliff but have you heard of the dairy cliff? it could send milk prices skyrocketing from $3.46 a gallon now to over $7 a gallon next year. it started with a farm bill passed in 1949. >> the 1949 farm bill is permanent law and we had extensions on the 1949 law every several years and the most recent one being in 2008 we had a five-year extension that congress put through, and now here we are again at that deadline that will expire on january 1st and could drive milk prices much, much higher and dairy prices much, much higher if it expires. >> reporter: the problem with the law is that it was implemented at a time when the dairy industry was smaller and less sufficient. so it received bigger subsidies from the federal government. if the u.s. reverts to that policy, taxpayers will foot the bill of those subsides to the tune of an extra $12 billion according to experts. while consumers could see a big stocker shock for milk at the grocery store, the impact would be much more than just milk. the impasse would impact food producers th
. >> reporter: chances are you have heard of the fiscal cliff but have you heard of the dairy cliff? it could send milk prices skyrocketing from $3.46 a gallon now to over $7 a gallon next year. it started with a farm bill passed in 1949. >> the 1949 farm bill is permanent law and we had extensions on the 1949 law every several years and the most recent one being in 2008 we had a five-year extension that congress put through, and now here we are again at that deadline that will...
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last night's fiscal cliff deal by income. his next report coming up at 2:00 p.m. eastern he will look at what the debt deal means. melissa: a lot of math for him today. lori: for those earning 200 to $500,000 a year. if you missed his last report on folks making $100,000 per year, check it out on foxbusiness.com. quarter to as we do every 15 minutes. let's check the markets. nicole, people are happy today, what about tomorrow? look at the crystal ball i suppose. >> nobody really has a crystal ball, a great question. i was talking with someone like jason weisberg and they have talked about the momentum and breadth, market breadth looking pretty good here today, the idea is the january effect. the fact a lot of people sold great companies in 2012. companies they didn't want to sell. they took the profits. they wanted to beat the tax hikes and so, got out of the market. took the cash and been sitting on the sidelines of the this is the january effect where people get back in. so the idea here is that some folks think that we're going to have a great january and febru
last night's fiscal cliff deal by income. his next report coming up at 2:00 p.m. eastern he will look at what the debt deal means. melissa: a lot of math for him today. lori: for those earning 200 to $500,000 a year. if you missed his last report on folks making $100,000 per year, check it out on foxbusiness.com. quarter to as we do every 15 minutes. let's check the markets. nicole, people are happy today, what about tomorrow? look at the crystal ball i suppose. >> nobody really has a...
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the fiscal cliff averted for now. investors staging a party. the dow up 2% to monastic on fire, small-cap stocks setting a new all-time high. why? because the fiscal cliff deal which will be signed by the president probably moments from now will shrink the government. no. spending rises by 4 trillion. maybe investors were excited about lower deficits. no again. deficits continued to climb to 8 trillion of the decade. the estimated deficit reduction, just 650 billion. and oh, by the way, contrary to what you heard, the middle class gets socked with a tax hike. you earn 50,000, get ready to pay an additional thousands of assam. here with details, scott hodge, president of the tax foundation. thank you for coming in. let's get into the details of this behemoths, a huge bill, starting with the average tax increases that people are going to face here. if you're making 50,000, 75,000, as i said, 822 will be your increased tax, what you will owe, and it just keeps going. >> well, that's exactly right. that, the tax increases in the middle class will c
the fiscal cliff averted for now. investors staging a party. the dow up 2% to monastic on fire, small-cap stocks setting a new all-time high. why? because the fiscal cliff deal which will be signed by the president probably moments from now will shrink the government. no. spending rises by 4 trillion. maybe investors were excited about lower deficits. no again. deficits continued to climb to 8 trillion of the decade. the estimated deficit reduction, just 650 billion. and oh, by the way,...
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Jan 1, 2013
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. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to the west of the international dateline. the spectacular start to the new year came in sydney harbour, launched by the australian superstar, kiley been no good. -- kylie minogue. 7 tons of fireworks filled the air above sydney harbour bridge. this city's style is rather different. john yang has held what for help -- it's believed to be the first public new year celebration in north korea. burma has joined the global party. ♪ >> the end of the year would not be complete without the viral pop hit, "gangnam style" being performed with great enthusiasm. while hong kong celebrate with a virtuous so
. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to...
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Feb 4, 2013
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the president delayed that until at least next week because of fiscal cliff negotiations. i think the good news is the budget issue after being off of the front page for a couple of weeks in deference no issues like guns and immigration is returning to the floor. we've only got three weeks or so a little over three weeks until we hit the sequester deadline when the indiscriminate deadlines take effect. then the legislation at the most basic leveling will expire. so i think the gears are starting to engage again between the congressional republicans and the president on the budget and that is probably a good thing. >> yeah. we thankfully sort of have our own black out politically, right? a couple weeks where it was off the front pages to your point. so give us then the play book. you mentioned a couple of weeks. is this, by boehner, the first salvo ramping up again? what is our realtime table here. >> well, march 1st is when it will be sequestered, if not replaced by other cuts. even democrats say we can live with that. we can can live with the results of the across the boa
the president delayed that until at least next week because of fiscal cliff negotiations. i think the good news is the budget issue after being off of the front page for a couple of weeks in deference no issues like guns and immigration is returning to the floor. we've only got three weeks or so a little over three weeks until we hit the sequester deadline when the indiscriminate deadlines take effect. then the legislation at the most basic leveling will expire. so i think the gears are...
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Jan 2, 2013
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cliff" sometime in the next hour. there was talk by house republicans of offering an amendment that included spending cuts to the senate bill. democrats insisted on a vote on the original bill to avoid further delays. some republicans including representative eric cantor of virginia say they can't support it. and as that unfolds, a lot of californians hold their breaths. cbs 5 reporter ann notarangelo on failure in washington could be very bad news for the state trying to make a comeback. ann. >> reporter: elizabeth, construction sites look this one are popping up throughout contra costa county and they are signs of economic growth. and for the first time in a long time, we are hearing some optimism about california's economy. but for it to continue, we need a deal in washington. >> no doubt that from our perspective the number one thing we want to see is a resolution so that we can just continue with the growth we have been seeing over the past several quarters. >> reporter: he is the director of the governor's offic
cliff" sometime in the next hour. there was talk by house republicans of offering an amendment that included spending cuts to the senate bill. democrats insisted on a vote on the original bill to avoid further delays. some republicans including representative eric cantor of virginia say they can't support it. and as that unfolds, a lot of californians hold their breaths. cbs 5 reporter ann notarangelo on failure in washington could be very bad news for the state trying to make a comeback....
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Jan 9, 2013
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cliff and now the debt ceiling and then probably the next one. we need to continue to generate confidence. and if we do that, i think we will have nice markets here, automotive being one of those in the u.s. aerospace, very important. we could see, also a rebound in the building and construction market. >> susie: you mentioned the word confidence, and the word that we mostly hear from any business companies, they use the word concern. you've heard this all the time. how doeshat iact alc. how does it impact your order? >> well, it impacts them -- for instance, let's go to the smaller medium business owners in the truck business. all right? where we saw they have pretty much been cancelling orders in the last year, and it has been coming down. there was a little blip in the fourth quarter because they saw the tax credits would be running out, and that's why they ordered again. but i saw people reading the news and watching tv, and they ask themselves, do i invest in my business or do i not? the average age of the fleet that they hold is older than
cliff and now the debt ceiling and then probably the next one. we need to continue to generate confidence. and if we do that, i think we will have nice markets here, automotive being one of those in the u.s. aerospace, very important. we could see, also a rebound in the building and construction market. >> susie: you mentioned the word confidence, and the word that we mostly hear from any business companies, they use the word concern. you've heard this all the time. how doeshat iact alc....
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. >>> finally here tonight, so we survived the fiscal cliff after all. the next dire circumstance you're going to hear us talking about around here is the debt ceiling, which, make no mistake, has the capacity to crash the u.s. economy. so wouldn't it be just like the current thinking in washington and the cast of characters there if they could mint a coin they could spend that could solve the problem. believe it or not, some serious people are asking, why not? our report tonight from nbc's kevin tibbles. >> one fight down is another taken up. >> reporter: deadlock in washington? again? >> take all the fights we had, and put them all in one fight. >> some are even threatening another government shutdown. >> reporter: how to solve it. ♪ what if we simply minted a platinum trillion-dollar coin? not entirely new, the trillion-dollar bill was introduced on "the simpsons." >> ooh, a trillion-dollar bill, that's a spicy meatball. >> reporter: still it is an idea getting a lot of currency online. petition with more than 6,000 signatures and nobel prize winnin
. >>> finally here tonight, so we survived the fiscal cliff after all. the next dire circumstance you're going to hear us talking about around here is the debt ceiling, which, make no mistake, has the capacity to crash the u.s. economy. so wouldn't it be just like the current thinking in washington and the cast of characters there if they could mint a coin they could spend that could solve the problem. believe it or not, some serious people are asking, why not? our report tonight from...
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cliff going over the fiscal cliff they talked about it so much standard and poor's downgraded u.s. credit worthiness and then we had sequester and next month we're going to have the debt ceiling again this is more three ad tricks it's the it's that the washington drama queens doing what they always do behave in a manner that is unbecoming of professionals and adults. analyses online team is listed ten ways the government shutdown could impact america from the looming default to the closure of museums just a click away for you right now. and while you're there you can also learn how global stock markets have been reacting to the budget battle in the u.s. congress that's also for you right now on our website. to see. first rate. and i think. it's a busy day for news here on r t thanks for joining us today now already on the rise the u.k. is the go it alone sentiment is now being fueled by a fresh plan drawing the island nation ever further from the mainland european state is off to prime minister david cameron has hinted that he wants to withdraw from the european convention on human
cliff going over the fiscal cliff they talked about it so much standard and poor's downgraded u.s. credit worthiness and then we had sequester and next month we're going to have the debt ceiling again this is more three ad tricks it's the it's that the washington drama queens doing what they always do behave in a manner that is unbecoming of professionals and adults. analyses online team is listed ten ways the government shutdown could impact america from the looming default to the closure of...
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Jan 11, 2013
01/13
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and tax cuts for the middle class and the fiscal cliff. class and the fiscal cliff. that will come up next in [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. [heartfelt country music] ♪ - ♪ she stands in ♪ the face of evil ♪ and will not ♪ lose hope or faith ♪ america ♪ the land of freedom ♪ is still the home ♪ of the brave ♪ so raise the banner - ♪ raise the banner - ♪ called ol' glory - ♪ called ol' glory - ♪ let us join ♪ our fellow man - ♪ our fellow man - ♪ history ♪ will write the story ♪ america - ♪ america - ♪ will always stand ♪ history ♪ will write the story ♪ america ♪ will always stand ♪ lou: i want to lead a bettino democrats come after your money. you. not the top 1% or 2%. middle-class. everybody. you may not suspect you were getting hammered now. maybe if you are in the middle class. talk about the house and the national economic council spins the fiscal cliff deal
and tax cuts for the middle class and the fiscal cliff. class and the fiscal cliff. that will come up next in [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. [heartfelt country music] ♪ - ♪ she stands in ♪ the face of evil ♪ and will not ♪ lose hope or faith ♪ america ♪ the land of freedom ♪ is still the home ♪ of the brave ♪ so raise the...
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Apr 23, 2013
04/13
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so women and men are resilient, are there, we have lived through the fiscal cliff. the sun rose the next day. yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan, very prominently is doing that right now. that's got to hurt a company like yours, trying to sell goods overseas. >> it's hurt us modestly. in constant currency, as an example, our sales are off up 1 but because of the chain of reduction in the volume, we're only up 7%. it's impacted us a few cents ton bottom line as well. but we do some hedging and we are very diversified. >> what can you tell us about japan? it seems that's all we're talking about in terms of the market activity there, huge rallies, all the stimulus from the central bank there. what are you seeing on the ground in terms of the c
so women and men are resilient, are there, we have lived through the fiscal cliff. the sun rose the next day. yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan,...
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cliff impasse all the way into the next congress which convenes on january 3rd. >> rich, we heard the president say yesterday and many times before he wants to tackle the deficit in a balanced manner. so why not include the spending cuts in here, especially knowing how much of a sticking point that is for republicans? what do the democrats say about that. >> that is what republicans are saying, if you want a balanced approach to deficit and debt, then you should include spending cuts in here. democrats are sayingings, look this was deal negotiated by the top republican in the senate and the vice president. it deals with mostly just the tax portion unemployment insurance, some other proposals, some other end of the year spending that congress typically does and we will debate spending long term entitlements that in the next congress, in the next year. but republicans say we always say next year, next time and democrats don't want to get serious on spending reform, don't want to be serious on entitlement reform or tax refor. republicans feel like they constantly kicked the can and this
cliff impasse all the way into the next congress which convenes on january 3rd. >> rich, we heard the president say yesterday and many times before he wants to tackle the deficit in a balanced manner. so why not include the spending cuts in here, especially knowing how much of a sticking point that is for republicans? what do the democrats say about that. >> that is what republicans are saying, if you want a balanced approach to deficit and debt, then you should include spending...
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when everyone was fretting about the pending fiscal cliff, we spoke to the ceo and he told us everything would be all right. sure enough, he was right. over the defense budget cuts, about the to get real next year, can the stock keep roaring? the company is expanding overseas, moving to new markets, cutting the soft blow of the spending here in the united states. the headlines are in line. those are a lot to like under the hood. over $7 billion in valuations. they've got more business than they can handle. stock had a solid 2.6% yield. let's check in with the ceo, a retired lieutenant general in the army where he dealt with all sorts of high level budget issues. good to see you. no longer itt. just excelis. you're out on your own. >> we are on our own two years on our own. time to drop the legacy name. >> before we get to your company, i saw you ring the bell today. i wanted to say. my dad asked me, what's changed now that veterans are so hallowed in the country versus when my father would say in the '70s, does anyone know serving was good? >> this has been a volunteer service since the
when everyone was fretting about the pending fiscal cliff, we spoke to the ceo and he told us everything would be all right. sure enough, he was right. over the defense budget cuts, about the to get real next year, can the stock keep roaring? the company is expanding overseas, moving to new markets, cutting the soft blow of the spending here in the united states. the headlines are in line. those are a lot to like under the hood. over $7 billion in valuations. they've got more business than they...
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cliffs over the next three months. the sequester, the debt ceiling, then the expiration of the appropriations bills. which will happen in march. and what it does is to say we will never bring in more than 15% of gdp. but we have never had a robust economy when federal spending wasn't about 20% of gdp. because you need that investment in research and innovation and education and skills training and so on. and what's going to happen is that interest on the debt is going to be greater than any of the programs that provide that kind of seed corn investment in our children's future. so that's what we did last night. we concretized revenue as an extraordinarily low rate. a rate you'd have to go back to before medicare and social security, before the baby boom generation came into adulthood. and before the rest of the world started growing competitive to the u.s. economy. >> congressman, last night president obama warned republicans not to try to turn raising the debt ceiling into a fight for cutting spending. take a look at
cliffs over the next three months. the sequester, the debt ceiling, then the expiration of the appropriations bills. which will happen in march. and what it does is to say we will never bring in more than 15% of gdp. but we have never had a robust economy when federal spending wasn't about 20% of gdp. because you need that investment in research and innovation and education and skills training and so on. and what's going to happen is that interest on the debt is going to be greater than any of...
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the expected i guess reaction to that last-minute deal on the fiscal cliff, what happens next? >> yeah. it's been a happy start to the new year. we've avoided i would say a political mess because republicans in a way were backed into a corner at the end of the day. but you know, has it really resolved the fiscal issue? we step back from the fiscal cliff. but as your correspondent said, we've got lots to organize. and on a two-month time frame, that's quite tight in political conte context. you've seen how long it's taken to get this far in the debate. you know, two months, i think it's a nervous time on the fiscal side. i think this risk on trade, it's a nice short-term play. but the bigger fiscal issue in the u.s. looks like a real mess to me. >> yeah. the question is when we might, say two months is a long time. you know, for the rest of this week, at least, we can surely ride this. >> yeah. yeah. i think so. that's -- look, no one's going to sell risk on the back of this. you'll say this is as good as we might have hoped for under the circumstances. and so you're getting the
the expected i guess reaction to that last-minute deal on the fiscal cliff, what happens next? >> yeah. it's been a happy start to the new year. we've avoided i would say a political mess because republicans in a way were backed into a corner at the end of the day. but you know, has it really resolved the fiscal issue? we step back from the fiscal cliff. but as your correspondent said, we've got lots to organize. and on a two-month time frame, that's quite tight in political conte...
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cliff going over the fiscal cliff they talked about it so much standard and poor's they downgraded u.s. credit worthiness and then we had sequester rains and next month we're going to have the debt ceiling again this is more three ad tricks it's the it's the the washington drama queens doing what they always do behave in a manner that is unbecoming of professionals and adults so the essential federal services will continue working despite the shutdown a political comment at a brand fox told my colleague matt tries a that washington is well rather used to play such games with deadlines bluff now and you can look back and see the same sort of little opportunism grandstanding every time with different variations and the main variation being who's in power in the white house. a little bit number one from the republicans or is a little bit number two from the democrats and liberals are also controls congress. so that's the stage. why though this drama this theater political opportunism is again of. washington d.c. they both have the same. basic or they're all more for war they're all on boa
cliff going over the fiscal cliff they talked about it so much standard and poor's they downgraded u.s. credit worthiness and then we had sequester rains and next month we're going to have the debt ceiling again this is more three ad tricks it's the it's the the washington drama queens doing what they always do behave in a manner that is unbecoming of professionals and adults so the essential federal services will continue working despite the shutdown a political comment at a brand fox told my...
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coming up, more fiscal fallout from the fiscal cliff fght. the markets seem to love it. my next guest is fired up over some of the port. why he thinks the wind energy tax breaks are a disaster and what the real focus of our energy policy should be. stay wwth us. ♪ >> from fox business studios in new york, here again is gerri willis. gerri: green energy turned out to be a big winner in he fiscal cliff bell. more investment, we can't afford until today. rubber, welcome back to the show. we ave $12 billion in tax credits over 10 years grateful we get back? >> gerri, the wind energy advocates push to get their tax cuts extended great isn't it was not extended, there would be about 37,000 jobs lost. well, he figured this is a 12 million-dollar price tag, we are talking about $329,000 per job. it's an absurd number the one you might write a check and send it out to those people instead of bothering with the wind energy. here is a number that astonishes me. 84% of the infrastructure, wind energy infrastructure, what are you talking about? that is crazy. >> it does not produce
coming up, more fiscal fallout from the fiscal cliff fght. the markets seem to love it. my next guest is fired up over some of the port. why he thinks the wind energy tax breaks are a disaster and what the real focus of our energy policy should be. stay wwth us. ♪ >> from fox business studios in new york, here again is gerri willis. gerri: green energy turned out to be a big winner in he fiscal cliff bell. more investment, we can't afford until today. rubber, welcome back to the show....
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we were whipping on the floor during the fiscal cliff voted 11:00 to make sure that retiring members of congress would stick around the next day to vote on this. existing members -- re-elected members will stick around to be sworn in today. worried that retiring members would have left and we wouldn't have enough votes. all of a sudden, after the fiscal cliff was finished, we found out the word came out we weren't going to schedule for the next day. pete king and mike grimm republicans all tried to see the speaker. he wouldn't meet with them or talk with them. no explanation was given them as far as i know. no explanation has been given. there's been speculation by other people that the speaker didn't want to put the republicans through voting another $60 billion when they just finished voting on the fiscal cliff or something. that's speculation. we haven't heard a word. >> eliot: it is easy and maybe this is excessively paranoid from an east coaster or new yorker there is never a great willingness on the part of the republican party or the house, nonnew york noneast coast members to
we were whipping on the floor during the fiscal cliff voted 11:00 to make sure that retiring members of congress would stick around the next day to vote on this. existing members -- re-elected members will stick around to be sworn in today. worried that retiring members would have left and we wouldn't have enough votes. all of a sudden, after the fiscal cliff was finished, we found out the word came out we weren't going to schedule for the next day. pete king and mike grimm republicans all...
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cliff going over the fiscal cliff they talked about it so much standard and poor's they downgraded u.s. credit worthiness and then we had sequester and next month we're going to have the debt ceiling again this is more three at tricks it's the it's that the washington drama queens doing what they always do behave in a manner that is unbecoming of professionals and adults so the essential federal services will continue working despite the shutdown and political commentator brian fox he says that washington is actually very well used to playing games with deadlines. bluff now and i look back and see the same sort of glop or two missing grandstanding every time with different variations and the main variation being who's in power loses to the white house. political number one from the republicans or is a number two from the democrats and look into the variables other than also controls congress so that's the stage. political opportunism. again of the tarot washing d.c. they both have the same. basic platform they're all more for in war they're all on board for endless spending for one for
cliff going over the fiscal cliff they talked about it so much standard and poor's they downgraded u.s. credit worthiness and then we had sequester and next month we're going to have the debt ceiling again this is more three at tricks it's the it's that the washington drama queens doing what they always do behave in a manner that is unbecoming of professionals and adults so the essential federal services will continue working despite the shutdown and political commentator brian fox he says that...
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adam: fiscal cliff averted, but don't look now, it's preparing for the next fight. the ugly battle over the debt ceiling. cheryl: oh, boy. san jose police in a standoff with a naked man brandishing a samurai sword. only in the west coast minute will you have this story. adam: first a look at today's winners on the nasdaq. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ adam: a few minutes on the fox business network. peter barnes breaking down last night's fiscal cliff deal by income. we're hearing from a lot of you wondering what's the deal meaning for you? peter's next, the report coming up at the top of the hour. the next one's going to look at people who earn between $100 thorks and $200,000. 23 you missed previous reports, go to foxbusiness.com. it's all this for you. ♪ cheryl: it is time for your west coast minute.
adam: fiscal cliff averted, but don't look now, it's preparing for the next fight. the ugly battle over the debt ceiling. cheryl: oh, boy. san jose police in a standoff with a naked man brandishing a samurai sword. only in the west coast minute will you have this story. adam: first a look at today's winners on the nasdaq. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options...